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Three-Unit Triplex
New
For Sale
$329,900

545 CHERRY STREET, Norristown, PA 19401

The building contains two one-bedroom apartments and one two-bedroom apartment.

Property Size2,610 SF
Price / SF$126.40
Days on Market6

Property Features for 545 CHERRY STREET

General Information

Standard status Active
Size 2,610 SF
Property subtype Triplex

Units

Unit Mix 2 x 1BR, 1 x 2BR
Multifamily Units 3

Building Details

Year Built 1900
Buildings 1
Listing Agency: Continental Realty Co., Inc.
Listed By: Stacy Tarantino Bishop · License #AB069572
Source: Cummingsrealtors
Added: Oct 8 Changed: Oct 13 Last Checked: Oct 12 at 7:58PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Continental Realty Co., Inc.

Investment Insights

Based on property information with market context.

This triplex includes three residential units: two with one bedroom each and one with two bedrooms. The property measures 2,610 square feet and is being offered in its current condition. One unit is occupied; its tenant pays utilities directly.

The sale is subject to the buyer’s responsibility for Use and Occupancy and related Borough requirements. Two additional properties are also offered for sale: 543 Cherry and a triplex at 547 Cherry, with the option to purchase them together.

Key Highlights

  • 2,610‑square‑foot triplex
  • Two one‑bedroom units and one two‑bedroom unit
  • One unit is occupied; tenant pays all utilities

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Skin Care Clinic Locksmith Acupuncture Tech Support Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

2,082
Businesses Nearby

Demographics for 19401, PA

43,414
Population
18,236
Households
2.4
Avg Household Size
36
Median Age
28%
College-Educated
86%
High-School Grad
6.2 sq mi
ZIP Area
7,002
Density / Sq Mi
$68,646
Median Household Income
$38,050
Median Earnings
$1,392
Median Rent
$225,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - The building contains two one-bedroom apartments and one two-bedroom apartment.
Where is this triplex located?
The property is located at 545 CHERRY STREET Norristown, PA.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: 2,610‑square‑foot triplex; Two one‑bedroom units and one two‑bedroom unit; One unit is occupied; tenant pays all utilities
More about this property
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